Tarragon Corporation Receives Nasdaq Notice of Compliance
May 06 2008 - 4:53PM
Marketwired
NEW YORK CITY, NY today announced that it has received written
notice from The Nasdaq Stock Market that it has demonstrated
compliance with all Nasdaq requirements, and that the Nasdaq
Hearings Panel has determined to continue the listing of Tarragon's
common stock on The Nasdaq Stock Market. As required by the Panel,
the Company held its annual shareholders' meeting on May 1, 2008.
At that meeting, among other things, shareholders re-elected each
of the seven nominees for election to the Tarragon Board of
Directors and a proposal to adopt the Tarragon Corporation 2008
Omnibus Plan was approved.
Tarragon's CEO, William S. Friedman, noted, "Maintaining our
Nasdaq listing has been a very high priority for us and for our
shareholders. We are very pleased that we are now in compliance
with all applicable listing requirements and continue to provide
our shareholders with the benefits of Nasdaq as a market for our
shares."
About Tarragon Corporation
Tarragon Corporation is a leading developer of multifamily
housing for rent and for sale. The Company's operations are
concentrated in the Northeast, Florida, Texas and Tennessee. To
learn more about Tarragon Corporation, visit:
www.tarragoncorp.com
TARR-G
Contacts: Broadgate Consultants, LLC Alan H. Oshiki (212)
232-2222 Email Contact Tarragon Corporation William S. Friedman
(212) 949-5000 Email Contact
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